Magenta Mobility raises $22M from bp ventures and Morgan Stanley India Infrastructure

E-mobility startup Magenta Mobility has bagged an equity investment of $22 million from bp and an investment fund managed by Morgan Stanley India Infrastructure. Magenta Mobility plans to use this…

Continue ReadingMagenta Mobility raises $22M from bp ventures and Morgan Stanley India Infrastructure

Paytm loan disbursals surge 253% to Rs 12,554 Cr in Q4, sees 27% YoY rise in monthly transacting users

One97 Communication, the parent of digital payments and financial services firm Paytm, said the platform disbursed loans worth Rs 12,554 crore, up 253% Year-on-Year (YoY) for the fourth quarter of…

Continue ReadingPaytm loan disbursals surge 253% to Rs 12,554 Cr in Q4, sees 27% YoY rise in monthly transacting users

India’s services sector growth moderates in March on softer rise in new biz orders: PMI

India's services sector growth moderated in March after hitting a 12-year high in February, as new business orders increased at a softer rate, a monthly survey said on Wednesday.The seasonally…

Continue ReadingIndia’s services sector growth moderates in March on softer rise in new biz orders: PMI